Ola Electric Mobility Limited
Leadership History
1 leader · 2017 to present
Bhavish Aggarwal is the CEO of Ola Electric, in the role since 2017.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Bhavish Aggarwal | Founder, Chairman & Managing Director | 2017 | Present | 9 |
Ola Electric is India's best-known pure-play electric two-wheeler company and a separate listed entity from ride-hailing firm Ola Cabs (ANI Technologies), though both were founded by Bhavish Aggarwal. It sells S1 scooters and Roadster motorcycles, operates the Futurefactory and a cell gigafactory in Krishnagiri, Tamil Nadu, and lists on the NSE as OLAELEC. After leading the market from 2022 to 2024, it lost share to TVS, Bajaj, Ather and Vida during 2025 and 2026. The company is headquartered in Bangalore, India. Ola Electric was founded in 2017 in Bengaluru, Karnataka, India, by Bhavish Aggarwal as a pure-play electric vehicle and battery manufacturing innovator, operating the mega-scale Futurefactory in Krishnagiri, Tamil Nadu, to manufacture electric two-wheelers and indigenous 4680 Bharat 6905 battery cells.
Ola Electric makes money mainly by selling electric scooters (S1 range) and Roadster electric motorcycles directly to consumers through its own app and company-owned stores, without franchised dealers. The automotive segment generated all ~$52.8 million (₹455 crore) of Q1 FY27 operating revenue. A second segment, the cell business, manufactures 4680 NMC and 46100 LFP lithium-ion cells for Ola's own vehicles and for its Mahashakti energy storage platform; it recorded just ~$580,000 (₹5 crore) of revenue in Q1 FY27. Smaller income comes from spare parts, service, extended warranties and paid MoveOS software features, and the company accrues incentives under India's auto and battery PLI schemes.
Founder, Chairman & Managing Director
2017 – Present
9 years (current)
Chose direct-to-consumer retail over dealers, invested in in-house cell manufacturing, and led the FY26 cost reset and 2026 equity raises.
Founded Ola Electric, built the Futurefactory and gigafactory, and led the August 2024 IPO.
Ola Electric's main challenges in 2026 are recovering market share after falling from first to fifth place in Indian electric two-wheelers, rebuilding consumer trust after service complaints and regulatory scrutiny in 2024-2025, reaching EBITDA breakeven (Q1 FY27 operating EBITDA loss was ~$19.1 million (₹165 crore)), funding operations through repeated equity raises, ramping cell production at the Krishnagiri gigafactory, and absorbing an estimated 11% rise in industry commodity costs during Q1 FY27.
Bhavish Aggarwal is the Founder, Chairman, and Managing Director of Ola Electric Mobility Limited and Co-Founder of Ola Cabs and AI startup Krutrim. Born in Ludhiana, Punjab, Aggarwal graduated with a computer science degree from IIT Bombay in 2008, worked at Microsoft Research, and co-founded Ola Cabs in 2010 before establishing Ola Electric in 2017 to lead India's clean mobility transformation.
In August 2021, Bhavish Aggarwal announced 'Mission Electric', pledging that after 2025, no petrol two-wheeler should be sold in India, constructing the 500-acre Futurefactory in record time to prove that India could lead the world in advanced electric mobility.
Aggarwal is renowned for his high-intensity, ambitious leadership style, setting aggressive execution timelines, driving first-principles engineering, challenging legacy corporate consensus, and championing self-reliant Indian technological sovereignty ('Vocal for Local').
Founded by Bhavish Aggarwal in 2023, Krutrim is India's first AI unicorn developing multilingual large language models (LLMs) and custom AI silicon, with planned integrations across Ola Electric vehicle software and manufacturing automation.
Bhavish Aggarwal is Chairman and Managing Director. Chief Operations Officer Hyun Shik Park resigned effective 5 September 2026.
Bhavish Aggarwal operates as executive chairman and CEO across his interconnected tech empire, applying a centralized engineering and vision framework where Krutrim develops AI models, Ola Cabs provides consumer mobility demand, and Ola Electric builds physical clean transportation hardware.
Following widespread customer complaints and regulatory notices from the Central Consumer Protection Authority (CCPA) regarding service delays, Aggarwal launched "#HyperService"—doubling company-owned service bays, hiring 1,000 additional service technicians, and establishing automated AI diagnostic tools.
Aggarwal vocally advocates for Indian technological self-reliance ("Make in India"), rejecting Western cloud/software monopolies and Chinese component dependencies by building sovereign compute (Krutrim), maps (Ola Maps), and battery chemistry in India.
Compare executive leadership tenures and strategic transitions
Explore Ola Electric
Core profile pages, founders and related research hubs for this company.